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Crypto Market Sees First Decline of 2026; BTC Hits $92K
Major cryptocurrencies face their first drop in 2026; Bitcoin at $92K. Morgan Stanley files for Bitcoin, Ethereum, and Solana ETFs as the Senate prepares to vote on crypto legislation.
Mercation Admin
January 7, 2026 1 min read
In a notable shift, major cryptocurrencies have experienced their first decline of 2026, with Bitcoin trading at $92,000, down 2%. Ethereum has decreased by 1% to $3,210, while Solana also fell by 1% to $138. XRP saw a more significant drop of 5%, landing at $2.24. In other developments, Morgan Stanley has submitted applications for ETFs involving Bitcoin, Ethereum, and Solana. The U.S. Senate Banking Committee is set to conduct a crucial vote on a bill pertaining to the structure of the crypto market next week. Additionally, Ethereum's network has achieved a new milestone with over 2 million daily transactions. In a separate announcement, Telegram revealed it sold $450 million worth of its TON tokens throughout the previous year. Meanwhile, Hyperliquid has unveiled a progress map, sparking speculation regarding its next airdrop. In a related note, Nike announced the divestment of RTFKT, resulting in a 250% surge in Clone X sales.